Few people would mourn the endof $35 million annual compensation packages for insuranceexecutives  — though they might miss hospitals' valetparking and private rooms. (Photo: Shutterstock)

As calls for radical health reform grow louder, many on theright, in the center and in the health care industry are arguingthat proposals like “Medicare for All” would cause economic ruin,decimating a sector that represents nearly 20 percent ofour economy.

While exploring a presidential run, former Starbucks chiefHoward Schultz called Medicare for All “not American,”adding, “What industry are we going to abolish next — the coffeeindustry?” He said thatit would “wipe out the insurance industry.”

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